30th January 2023 - Credit Connect

Bibby Financial Services appoints Corporate Sales and Partnership Strategy Head

30th January 2023 Appointments |

Bibby Financial Services (BFS) has announced it has appointed Martin King to head-up Corporate Sales and Partnership Strategy With over twelve years’ experience in providing asset based lending and cashflow solutions, King joins BFS from BOOST&Co, where he developed growth and venture debt funding for SMEs. Prior to this, he held senior ABL roles with…

Attempted fraud in the financial industry has rises sharply

30th January 2023 Consumer Lending |

Attempted fraud in the financial industry has risen sharply since the start of the cost of living crisis began in late 2021. Fraud prevention provider Homeppl has confirmed this week that 91% of the fraud they flag in applications stems from applicants attempting to conceal their true financial status by modifying original financial documents or…

Profit warnings from UK-listed companies increased by 50% in 2022

30th January 2023 Commercial Credit Management |

The number of profit warnings issued by UK-listed companies in 2022 increased by 50% year-on-year, with record levels of warnings citing rising costs, according to EY-Parthenon’s latest Profit Warnings report. In total, 305 profit warnings were issued in 2022, an increase of 102 from 2021 when 203 warnings were issued. Half (152) of the warnings issued in…

Money Statistics: January 2023

30th January 2023 Arrears and Recoveries |

Here is an overview of The Money Charity’s latest statistics for January 2023 Personal debt in the UK People in the UK owed £1,831.9 billion at the end of November 2022. The average total debt per household, including mortgages, was £65,914 and per adult was £34,636, around 106.5% of average earnings. Net mortgage lending rose by…

Shop occupancy rates improve despite cost pressures rising

30th January 2023 Commercial Credit Management | #shop closures

A report from the British Retail Consortium (BRC) and Local Data Company (LDC) has revealed that the number of shops lying vacant on British high streets fell during the final three months of 2022. In the fourth quarter of 2022, the overall GB vacancy rate improved to 13.8%, which was 0.1 percentage points better than…

Business confidence grows

30th January 2023 Commercial Credit Management | #business confidence

The latest Lloyds Bank Business Barometer points to increased optimism among British businesses, with confidence hitting its highest level in six months in January. Edging closer to the long-term average of 28%, overall confidence among UK companies increased by five points to 22%. The Barometer found that business confidence made a positive start to the…

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